Stabilizing China's Housing Market /

The sharp rise of house prices in China's Tier-1 cities has fostered a great deal of commentary about the possibility of bubbles forming there. However, China's unique housing market characteristics make it difficult to assess the macroeconomic severity of bursting bubbles, even if they ex...

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书目详细资料
主要作者: Koss, Richard
其他作者: Shi, Xinrui
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 2018.
丛编:IMF Working Papers; Working Paper ; No. 2018/089
在线阅读:Full text available on IMF
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245 1 0 |a Stabilizing China's Housing Market /  |c Richard Koss, Xinrui Shi. 
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300 |a 1 online resource (33 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The sharp rise of house prices in China's Tier-1 cities has fostered a great deal of commentary about the possibility of bubbles forming there. However, China's unique housing market characteristics make it difficult to assess the macroeconomic severity of bursting bubbles, even if they exist. These include the setting of land supply and prices by the government, among many others. The presence of overbuilt 'ghost cities' greatly complicates the ability of traditional macroeconomic policies to address these concerns. This paper looks at proposals to shore up the mortgage underwriting and legal infrastructure to help China withstand the impact of falling prices, should this occur. 
538 |a Mode of access: Internet 
700 1 |a Shi, Xinrui. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2018/089 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2018/089/001.2018.issue-089-en.xml  |z IMF e-Library